I found in your testimony what was fascinating is that--and let me get this right--that the largest groups benefitting from 401(k) plans are employees who earn less than $50,000 a year.
Patrick J. Tiberi: “I found in your testimony what was fascinating is that--and let me get this right--that the largest groups benefitting…”
Editor's note · Context
Tiberi highlights that low-income employees benefit significantly from 401(k) plans.
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More from Patrick J. Tiberi
I have heard from a number of employers in my district, manufacturers, about the potential that some of our trading partners could misuse national security justifications to have retaliatory and protectionist actions taken against them.
Today, if you are a successful pass-through--and no one is going to guarantee that you are a successful business owner--in America, you are paying almost 45 percent of what you make at the top bracket just to the Federal Government.
Can you commit to this Committee that you will make it a priority of this Administration to engage with our trading partners, particularly in this case, Korea, the Republic of Korea, who continue to dump these products into our country?
I would again like to point out this little chart that shows facts. At the bottom of the chart, if the viewers can see, is the United States with our corporate tax rate. All of these other countries, most of whom are our friends, even…





